Calculate the clinic marginal cost

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Reference no: EM131303319

The table shows the cost and revenue data for an outpatient surgery clinic. Calculate the clinic's marginal cost, marginal revenue, and profits at each level of output. Which price maximizes profits? 

Surgeries

250

300

350

400

450

Price

$2000

$1,920

$1,800

$1,675

$1,550

Revenue

$500,000

$576,000

$630,000

$670,000

$697,000

Cost

$516,000

$538,000

$563,000

$591,000

$621,000

Reference no: EM131303319

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